Beginning in April of this year, betting operators in the United Kingdom will have to provide 10% of race wagering revenues to the racing industry. Last Friday, Tracey Crouch, the Minister for Sports, Tourism and Heritage, confirmed that the new rate would be applied to every betting operator, whether they were retail, online, off or on course, spread betting websites or betting exchanges. The new rate applies to gross gambling revenues over the first £500,000 made by bookies from racing. […]

The post All betting operators in UK would be required to pay 10% of revenues over £500k appeared first on World Casino News.